Security

So you've been scammed by a deepfake. What can you do?

Earlier this month, a Hong Kong company lost HK$200 million (A$40 million) in a deepfake scam. An employee transferred funds following a video conference call with scammers who looked and sounded like senior company officials.

Business

EU examines Microsoft investment in OpenAI

The EU, racing to regulate the fast-moving world of artificial intelligence, said Tuesday it has started a preliminary study of Microsoft's multi-billion-dollar investment in ChatGPT developer OpenAI to see if it could be ...

Business

Spanish media file 550-mn-euro lawsuit against Meta

A group representing over 80 Spanish media outlets on Monday filed a 550-million-euro ($600 million) lawsuit against Instagram-owner Meta for allegedly violating European Union regulations on personal data protection.

Business

EU orders US biotech firms to unwind $7 bn merger

The European Commission on Thursday ordered US biotech giant Illumina to unwind its $7 billion purchase of cancer test pioneer GRAIL that it argues stifles competition in a key emerging public health domain.

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Competition

Competition is a contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources. It arises whenever two and only two strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For example, animals compete over water supplies, food, mates, and other biological resources. Humans compete for water, food, and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, prestige, and fame. Business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers.

This text uses material from Wikipedia, licensed under CC BY-SA